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Plus Gold raises $1.2 Mn led by JITO

EntrackrEntrackr · 1y ago
Plus Gold raises $1.2 Mn led by JITO
Medial

Gold investment app Plus Gold has raised $1.2 million in a seed funding round led by JITO along with participation from Venture Catalyst, Sonakshi Sinha, Sachin Shetty, Signal Ventures, Varun Dua, Shrish Mishra, Misfits among others. The proceeds will be deployed to raise its tech infra, improve user experience, strengthen security, and develop AI-driven investment advisory features, Plus Gold said in a press release. Founded in May 2022 by Veer Mishra and Raj Parekh, Plus Gold offers gold investments through Systematic Investment Plans (SIPs) or one-time transactions. It enables users to redeem their digital gold investments as physical jewellery at any time. According to the Bengaluru-based company, it weeds out barriers in traditional gold investment, such as storage, purity assurance, and liquidity issues. A part of the proceeds will also be used for hiring engineers, customer service executives and others. Plus Gold is operating in a crowded market as a bunch of well-funded companies have been operating in the space. At present, the online gold investment segment is dominated by PayU and Alpha Wave-backed Indfiagold, Rupeek, Oro Money and Tiger Global investee Jar among others. Large fintechs including PhonePe also added gold buying offering to their app.

ILine raises $500K in angel round

EntrackrEntrackr · 7m ago
ILine raises $500K in angel round
Medial

ILine raises $500K in angel round Noida-based ILine.ai Solutions has secured $500K in an angel funding round led by climate-tech and mobility investors. The funding will support ILine’s expansion into 12 tier-II cities by December 2025, including Jaipur, Chandigarh, Lucknow, Bhopal, Ahmedabad, and Surat. The firm will also establish two regional operations hubs and onboard 20,000 EV drivers. Launched in April 2025, ILine operates a dual-app marketplace focused on low-emission last-mile deliveries using electric vehicles. Its AI-powered dispatch engine aims to reduce idle miles and improve route efficiency. The company offers features such as carbon savings analytics, real-time tracking, and OTP-secured drop-offs. ILine plans to use the remaining funds to strengthen its driver marketplace, enhance AI capabilities, and partner with EV OEMs and state transport departments. It is targeting 30,000 daily orders across 12 cities by Q4 2026 and aims to achieve net-zero Scope 1 and 2 emissions by 2028.

Varco Leg Care raises $500K in Seed funding

EntrackrEntrackr · 1y ago
Varco Leg Care raises $500K in Seed funding
Medial

Delhi-based leg care brand Varco Leg Care has raised $500,000 (over Rs 4.5 crore) in Seed funding round led by Sunicon Maiden Fund, an early-stage venture fund curated by Sunicon Ventures. Prior to this, Varco Leg Care had raised a cumulative Rs 3.1 crore ($370,000) through its previous funding rounds. According to the company, its valuation has grown by 2x in the past 10 months. However, it did not disclose the numbers. Varco Leg Care will be utilizing the capital to strategically bolster capabilities across various fronts, which include enhancing offline touchpoints, advancing research and development (R&D) initiatives, and scaling and optimizing marketing efforts. Varco Leg Care aims to revolutionise leg health management by leveraging technology and clinical expertise. The firm has created a wide range of leg care products that address the end-to-end leg health needs of customers worldwide targeting health issues like varicose veins, diabetic foot, foot ulcer, and restless leg syndrome, among others. As per the company, it saw 110% increase in the brand’s revenue over the past year. Since its inception in 2022, Varco claims to have served more than 5 lakh customers, and expanded its presence to more than 3,000 medical stores across Mumbai, Bangalore, Delhi, and other Indian cities. Varco’s products are available at organised retail outlets such as Guardian Pharmacy, Noble Plus, Wellness Forever, and others. On the online front, it sells its products through its own website, as well as via marketplaces like Amazon, Flipkart, 1mg, and others.

Logistics startup Pickkup raises $500K in seed round led by We Founder Circle

EntrackrEntrackr · 1y ago
Logistics startup Pickkup raises $500K in seed round led by We Founder Circle
Medial

Logistics startup Pickkup raises $500K in seed round led by We Founder Circle Logistic startup Pickkup has raised $500K in a seed funding round led by We Founder Circle (WFC) along with participation from other angel investors. The proceeds will be strategically utilized to expand its electric fleet, enhance the team, and invest in advanced technology to bolster logistics efficiency, Pickkup said in a press release. Co-founded by Ankush Sharma, Chandra Shekhar, and Upma Sharma, Pickkup aims to redefine logistics by deploying a 100% electric fleet, integrating cutting-edge technology to improve delivery efficiency, and actively contributing to decarbonization efforts. With a growing need for eco-friendly logistics solutions, the company intends to create impact in the industry. The Chandigarh-based startup aspires to build a sustainable, tech-driven logistics ecosystem that maximizes fleet utilization while minimizing environmental impact. It looks to optimize cross-utilization of its electric vehicles, ensuring they are operational for the maximum number of hours daily, a move that leverages the low operating costs of EVs for enhanced efficiency and affordability. Established in 2020, We Founder Circle offers mentorship and actively invests in early-stage startups. It invests $250,000-$2 million in early-stage startups that are fueled with ambition, sustainability, and a strategic approach. The VC firm has enabled $50 million worth of investments across over 150 deals. Some of the key investments include category leader companies like BluSmart, Zypp Electric, Kazam, Gauda Aerospace, Pixxel SpaceTech, and Qpi Quantum Computing.

PlaySuper raises $500K in seed round led by IAN Group and 100X.VC

EntrackrEntrackr · 1y ago
PlaySuper raises $500K in seed round led by IAN Group and 100X.VC
Medial

Snippets PlaySuper raises $500K in seed round led by IAN Group and 100X.VC Gaming commerce startup PlaySuper has raised $500K in its seed round led by IAN Angel Fund and 100X.VC. The round also saw participation from angel investors including Uday Sodhi, KRS Jamwal, Pratham Mittal, Rajit Bhattacharya, and Ankit Das, among others. The proceeds will be used to accelerate product development, expand market reach, and strengthen hiring. PlaySuper is set to launch its next-gen, hyper-personalized in-game store, allowing easy integration without requiring updates. The Gurugram-based brand also plans to expand into Southeast Asia (SEA) within six months, followed by MENA and LATAM. Additionally, it will bring in a Product Head and expand its B2B partnerships team to onboard more gaming studios. Founded in April 2024 by Shouradeep Chakraborty, PlaySuper enables gamers to shop inside their favorite mobile games while playing. It integrates real-world shopping experiences within mobile games. Shouradeep and Upamanyu previously co-founded LectureNotes, an edtech platform that raised $2.5 million in 2022. They bring extensive experience from the gaming, Web3, and edtech sectors. Over the next year, the company will focus on launching its in-game store, scaling its reach into new markets, and deepening its collaborations with game developers.

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